Bill builder entered into a contract with carl's carpets to supply him with the carpeting he needed to complete the renovation of famous restaurant. when carl did not deliver the carpeting on the contract date, bill had to find similar carpeting from a different vendor for 5 a yard more than he would have paid to carl. there was a time is of the essence clause in bill's contract with famous restaurant. bill was to lose 300day for each day after the contract date that he was late in finishing the renovation. the 300 day represented the profit famous restaurant would lose each day it was not in operation. bill told carl about this clause, impressing on carl the need for him to deliver the carpet on time. bill finished the renovation three days after the contract date. the delay was due solely to carl's failure to deliver the carpet on time. bill can recover the 900 he lost from carl as damages.